HUD Starts Long Process to Establish System to Collect Annual Data on LIHTC Tenants.

An advance of a Notice that will appear in Monday's Federal Register is HERE.

Excerpt:

"Section 2835(d) of HERA (Public Law 110-289, approved July 30, 2008) amends Title I
of the U.S. Housing Act of 1937 (42 U.S.C. 1437 et seq.) (1937 Act) to add a new section 36 (to be codified as 42 U.S.C. 1437z-8) that requires each state agency administering tax credits under section 42 of the Internal Revenue Code of 1986 (low-income housing tax credits or LIHTC) to furnish HUD, not less than annually, information concerning the race, ethnicity, family composition, age, income, use of rental assistance under section 8(o) of the U.S. Housing of 1937 or other similar assistance, disability status, and monthly rental payments of households residing in each property receiving such credits through such agency. "